The iPad apparently isn’t about revolutionizing computing, it’s all about allowing new apps to revolutionize they way we use the iPad. At least that’s what a new app development fund, called AppFund, believes is the real draw of the iPad. AppFund was created by CNET co-founder Kevin Wendle and MusicNation co-founder Daniel Klaus with the goal of seeding development costs for app developers looking to launch new iPad and other tablet-based apps.
The AppFund will invest anywhere between $5,000 and $500,000 to help get iPad apps off the ground. The more complex the app, the more money AppFund will throw its way. AppFund has millions of dollars sitting in its coffers, just waiting to be doled out to eager developers with a great new iPad app idea. Developers are being asked to submit app proposals as soon as possible, in preparation for the launch of the iPad in mid-2010.
This isn’t the first time we’ve seen an investment fund created solely to jump-start app development in the mobile space. Previous funds have done a great job of nurturing interesting app ideas into full-blown, marketable apps. With a fund dedicated to iPad and tablet app development, we might very well see the tablet space take off in 2010 and 2011.
Check out AppFund here.